Cornerstone Wealth Group LLC Grows Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cornerstone Wealth Group LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 40,389 shares of the company’s stock after acquiring an additional 1,234 shares during the period. Cornerstone Wealth Group LLC’s holdings in Fidelity Total Bond ETF were worth $1,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Fidelity Total Bond ETF by 2,874.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after buying an additional 2,906,069 shares during the period. RFG Advisory LLC raised its stake in Fidelity Total Bond ETF by 44.0% during the first quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after purchasing an additional 1,093,311 shares during the period. Sherrill & Hutchins Financial Advisory Inc acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $33,506,000. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Total Bond ETF by 83.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,536,701 shares of the company’s stock valued at $70,750,000 after buying an additional 697,993 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Fidelity Total Bond ETF by 31.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock valued at $121,868,000 after buying an additional 628,777 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND traded down $0.21 during trading hours on Friday, hitting $44.93. The stock had a trading volume of 1,122,481 shares, compared to its average volume of 1,244,409. The company’s fifty day simple moving average is $44.87 and its 200 day simple moving average is $45.18. Fidelity Total Bond ETF has a 12-month low of $42.45 and a 12-month high of $46.21. The firm has a market cap of $8.97 billion, a P/E ratio of 8.85 and a beta of 0.19.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.